Planned sale of Digital Health to Withings co-founder Éric Carreel would be part of Nokia's shift to become a business-to-business and licensing company



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Deal expected to close in late Q2 2018

May 2, 2018

Espoo, Finland - Nokia today announced plans to sell its Digital Health business to Éric Carreel, co-founder and former chairman of Withings.

Nokia announced a review of strategic options for the Digital Health business in February 2018. The planned sale is part of Nokia's honed focus on becoming a business-to-business and licensing company.

The transaction is subject to terms agreed in the negotiations and completion of the information consultation with the Works Council of Nokia Technologies (France) SA., with the deal expected to close in late Q2 2018.

Digital Health's business portfolio includes consumer and enterprise products, and it manufactures and sells an ecosystem of hybrid smart watches, scales and digital health devices to consumers and enterprise partners.

The licensing businesses of Nokia Technologies are not affected by this announcement.

About Nokia
We create the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industry's most complete, end-to-end portfolio of products, services and licensing.

We adhere to the highest ethical business standards as we create technology with social purpose, quality and integrity. Nokia is enabling the infrastructure for 5G and the Internet of Things to transform the human experience. nokia.com

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